Overview of DEGIRO Fees

DEGIRO is one of the biggest brokers offering share dealing services at very low costs. Established in 2008, the company aims at the global day trading community. It allows traders to access worldwide exchanges from anywhere and at any time. Since its establishment, DEGIRO has been recognized for its very low fees and value for money as per DEGIRO broker review. DEGIRO has low trading and non-trading fees. In most of the asset classes, DEGIRO is one of the finest platforms in the markets due to its fees. It lets traders trade some ETFs for free once in a month. Here you can know more about how to trade DEGIRO ETFs. So, let us walk through all the DEGIRO fees and commissions so that you are aware of every cost before you begin trading.

DEGIRO Fees

Deposit Fee: DEGIRO doesn’t charge any setup or deposit DEGIRO fees. But your payment processors can charge a fee.

Leverage: DEGIRO’s leverage rates can differ depending on the trades. DEGIRO will agree to leverage depending on your earlier trading record, individual experience, client loyalty, and more. However, with a pro account, the highest leverage ratio is 1:300.

Spread Cost: Being an exchange-traded brokerage, they don’t quote any minimum spread. They have dynamic spreads that differ across classes. The spreads are dependent on expiry dates and market volatility for derivatives.

Connectivity Fees: The broker charges a connection DEGIRO fees to offer its customers access to the other exchanges other than the London Stock Exchange. Their pay/use policy comes at a cost of €2.5/annum/exchange. Therefore, if you’re trading on 5 global exchanges, then the connection fee comes down to almost €12.50/year.

Overnight Funding: DEGIRO doesn’t charge any overnight funding DEGIRO fees. It’s a typical feature of an exchange-traded broker.

Withdrawal Fees: There are no DEGIRO fees for the withdrawal of funds to the bank account through the manual transfer route. But if you use an eWallet, the payment processor can charge a fee.

Inactivity Fees: There are no inactivity DEGIRO fees which is one of the best advantages for those who don’t trade often.

Annual Maintenance: There are no DEGIRO fees for yearly maintenance, custody, and other services.

Insufficient Funds Fee: The broker has insufficient funds DEGIRO fees if the margin exceeds the available funds to initiate the shortage process, if the margin goes beyond 125 percent of your money, or close a position because of fund deficit.

Additional Fee: Except for these DEGIRO fees, you have to shell out for some service like transferring portfolios from and to DEGIRO, email/telephone orders, shorting stocks, etc. Below is the list of DEGIRO fees for additional services:

DEGIRO Commissions

• US: $0.50 plus $0.004/share
• UK: 1.75 £ plus 0.022% to buy and sell shares with a maximum of 5£
• Canada: 2€ plus 0.01 CAD/share
• Austria, Belgium, Finland, Denmark, Italy, France, Norway, Netherlands, Sweden, Portugal, Ireland, Spain, and Switzerland: 4€ +0.058%/share with a maximum of 60€ for most of the European countries.
• Investment Fund: 7.50 Euro plus 0.10%. However, no commission is charged on Morgan Stanley Cash Funds and Fund share Cash
• ETFs: 2€ plus 0.01 CAD/share
• Foreign Currencies: 0.10% with Auto FX
• Bonds: 2 € plus 0.068% for most countries

Conclusion

DEGIRO charges an extensive variety of DEGIRO fees other than commissions. According to the broker comparison of 2021, the transaction fees are pretty impressive; however, if you club all the other charges, customers can find them costly. The one highly positive side of this broker is that it is fully transparent with all its costs.